Fairmont Announces Proposed Share Consolidation

Fairmont Resources Inc. (TSX VENTURE:FMR) ("Fairmont") announces that its
shareholders will be asked to approve a consolidation of the Company's issued
and outstanding common shares at a ratio of up to four (4) pre-consolidation
shares to one (1) post-consolidation share at the Annual General and Special
Meeting of Shareholders to be held on April 16, 2013. The Board of Directors is
recommending shareholders approve the share consolidation in order to better
position the Company to finance its exploration and development activities on
its mineral properties.


The Company currently has an aggregate of 20,225,433 common shares issued and
outstanding. If the share consolidation were undertaken at the ratio of 4 to 1,
the issued and outstanding common shares would be approximately 5,056,358. The
Company does not intend to change its name in conjunction with the share
consolidation.


If the consolidation is approved, the Board of Directors will have the authority
to implement the consolidation at the ratio of up to 4 to 1 at any time and will
be permitted, without further shareholder approval, to select a lower
consolidation ratio if they deem it to be appropriate. Currently, the Board of
Directors intends to implement the consolidation as soon as practicable
following the approval of the consolidation by the shareholders and the TSX
Venture Exchange. Notwithstanding approval of the consolidation by the
shareholders, Fairmont's directors, in their sole discretion, may abandon the
consolidation without further approval, action by, or prior notice to
shareholders.


The proposed consolidation is subject to the approval of the shareholders of the
Company and the TSX Venture Exchange.


On behalf of the board,

Neil Pettigrew, Chief Executive Officer and President

FOR FURTHER INFORMATION PLEASE CONTACT: 
Fairmont Resources Inc.
Greg Ball
CFO and Director
604-648-0516
[e-mail]


Fairmont Resources Inc.
789 West Pender Street, Suite 810
Vancouver, British Columbia V6C 1H2


Rain Communications
Toll Free: 1-877-614-6113
Ralph Biggar
604-306-2525 (direct)